DSE market cap at all-time high

The market capitalization (cap) of Dhaka Stock Exchange (DSE) hit an all-time high to stand at Tk 5099.38 billion, thanks to the market supportive measures in budget, and increased participation of investors.

Besides, the investors brought in almost Tk 507 billion fresh funds on the Dhaka Stock Exchange (DSE) during the last nine weeks.

On the other hand, the stock market maintained the rising trend for the last nine consecutive weeks.

DSEX, the core index of the Dhaka Stock Exchange (DSE), added more than 811 points in the past nine consecutive weeks to close at 5,986 points.

Market analysts said the capital market hit a record high as budgetary market support, lower returns on the money market, limited scope of investment in other instruments, regulatory reforms and earnings of listed firms were the reasons behind the recent bullish trend.

They said lower returns on the money market, liquidity surpass in the banking sector, enlistment of some good securities, and proactive regulatory measures, are the reasons behind the present positive trend in the stock market.

The stocks witnessed upward trend due to positive regulatory initiatives coupled with lowering the circuit breaker for several companies prompted investors to put fresh funds on stocks, they added.

The stocks witnessed a continuous upward trend on the back of positive macroeconomic indicators in the country like remittance, foreign reserves, and export growth coupled with better than expected earning declarations, they added.

The DSEX went up by 13.21 points to close at 6,066.64 points in the last week.

The DSE 30 Index, comprising blue chips, went up by 1.51 points to settle at 2,205.10 points and the DSE Shariah Index (DSES) rose 6.31 points to close at 1,299.48 points.

The total turnover on the prime bourse went up to Tk 121.88 billion against Tk 102.58 billion the week before. 

Gainers took a modest lead over the losers, as out of 371 issues traded, 192 advanced, 130 declined and 49 remained unchanged on the DSE trading floor.

On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a positive trend with its selective category index (CSCX) gaining 20 points to close at 10594.42 points in the last week.

The All-Share Price Index (CASPI) of the CSE was higher by 42 points to close at 17585.34 points during the time.

Of the 334 issues traded on CSE floor, 193 advanced, 123 declined and 18 remained unchanged on the CSE in the last week.

The port city's bourse traded 16.25 crore shares and mutual fund units with turnover value of Tk 527.45 crore during the time.